The new income protection product is in addition to Scottish Widows’ existing term, multi-benefit and mortgage protection products on The Exchange.

Iress global head of product for sourcing Jacqui Durbin says: “As long-standing partners of Scottish Widows, we’re delighted to support its launch into the Income Protection space through our extensive distribution network on The Exchange. It also supports our commitment to offering the broadest range of products to brokers and advisers.”

Scottish Widows protection director Rose St Louis adds “Our new IP product is the next step on our mission to help people build their financial resilience and make it easier for advisers to serve more of their customers’ needs with a streamlined process and slicker experience through tech partners like Iress.”